According to Zacks, “The RMR Group Inc. primarily provides management services to publicly owned real estate investment trusts and real estate operating companies. The RMR Group Inc. is headquartered in Newton, MA. “
Separately, FBR & Co lowered shares of RMR Group from an outperform rating to a market perform rating and lifted their price target for the company from $31.00 to $39.00 in a research note on Wednesday, August 10th.
Shares of RMR Group (NYSE:RMR) opened at 37.77 on Wednesday. The company has a 50 day moving average of $38.67 and a 200 day moving average of $32.19. The company has a market cap of $604.58 million and a PE ratio of 16.70. RMR Group has a 1-year low of $11.89 and a 1-year high of $40.67.
RMR Group (NYSE:RMR) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The business earned $52.20 million during the quarter, compared to analyst estimates of $41.16 million. Equities analysts expect that RMR Group will post $1.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Shareholders of record on Friday, October 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $1.00 annualized dividend and a yield of 2.65%.
RMR Group Company Profile
The RMR Group Inc, formerly Reit Management & Research Inc, is a holding company. The Company holds interests in and is the managing member of The RMR Group LLC (RMR LLC). The Company’s business primarily consists of providing management services to four real estate investment trusts (REITs), namely, Government Properties Income Trust (GOV), Hospitality Properties Trust (HPT), Select Income REIT (SIR) and Senior Housing Properties Trust, and three real estate operating companies, namely, Five Star Quality Care, Inc (Five Star), Sonesta International Hotels Corporation and TravelCenters of America LLC.
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